Pan Asia Banking Corporation PLC (PABC) Secretary Nayantha Fernado informed, by order of the Board, the Colombo Stock Exchange (CSE) that Godewatta Arachchige Rasika Dimuth Prasanna retired from his position as Chairman and Director.
Fernando disclosed this yesterday (29) under Section 8 of the Listing Rules and he further informed that the resignation took place in terms of Section No. 3 (2)(ii)(A) of the Banking Act of Direction No. 11 of 2007 of Corporate Governance as Prasanna completed his term as the Director of Pan Asia Banking Corporation PLC. Accordingly, on 1 May 2021. Prasanna completed his service of nine years, according to the said terms of the Banking Act.
Fernando further informed that by 29 April 2021, G.A.R.D. Prasanna held 34,801 of the relevant interest of shares of PABC PLC.
Also, at the meeting held yesterday (29), the Board appointed Sarath Bandara Rangamuwa as Chairman and Mahawaduge Yasalal Aravinda Perera as Director, respectively, with effect from 2 May 2021. It was informed that S.B. Rangamuwa held 125,000 of the relevant interest of shares and Aravinda Perera did not hold any interest of shares as at 20 April 2021.
Chairman of Pan Asia retires
30 Apr 2021
Chairman of Pan Asia retires
30 Apr 2021
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